U.S.-based Bitcoin exchange-traded funds (ETFs) recorded their strongest day of net inflows since late January, as crypto markets showed resilience over the Easter weekend.
According to CoinGlass data, the 11 Bitcoin-tracking ETFs saw a combined $381.3 million in net inflows on April 21, led by significant interest in the ARK 21Shares Bitcoin ETF (ARKB), which alone attracted $116.1 million.
This marks the largest daily inflow since January 30, when the ETFs collectively pulled in $588.1 million shortly after Bitcoin’s price surged past six figures.
Bitcoin ETFs Face Headwinds Amid Trump’s Escalating Trade War Rhetoric
Recent weeks, however, have been challenging for Bitcoin ETFs, as investor sentiment was dampened by U.S. President Donald Trump’s escalating trade war rhetoric.
Bitcoin dipped below $100,000 in early February and hit a yearly low of $74,773 on April 7 following widespread tariffs and a downturn in traditional markets.
Other major ETF players also saw renewed inflows on April 21. The Fidelity Wise Origin Bitcoin Fund (FBTC) secured $87.6 million, while Grayscale’s Bitcoin Trust (GBTC) and its Mini Trust ETF (BTC) brought in a combined $69.1 million.
Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT), the largest Bitcoin ETF by assets, recorded $41.6 million in net inflows—down from pre-weekend levels but still signaling steady demand.
Despite U.S. equity markets closing lower after the holiday break—with the S&P 500 falling 2.4% and both the Nasdaq and Dow Jones dropping 2.5%—crypto markets maintained their upward momentum.
Over the three-day weekend, total crypto market capitalization grew by $800 billion, reaching $2.84 trillion.
Bitcoin played a key role in this surge, climbing above $88,500 for the first time in four weeks and pushing its market capitalization past $1.75 trillion.
The strong ETF inflows and market performance suggest growing investor confidence in Bitcoin, even amid broader macroeconomic uncertainty.
Digital Asset Investment Products See Modest Inflows
Digital asset investment products saw modest inflows of $6 million last week, reflecting mixed investor sentiment.
Early-week inflows reversed after strong U.S. retail sales data triggered $146 million in outflows mid-week.
The U.S. led with $71 million in outflows, while Europe and Canada showed optimism, with Switzerland, Germany, and Canada posting significant inflows.
Bitcoin experienced fluctuating sentiment, ending the week with $6 million in outflows, while Short Bitcoin products marked a seventh consecutive week of outflows.
Ethereum continued its downturn, losing $26.7 million, bringing its eight-week outflow total to $772 million. Despite this, Ethereum still holds strong YTD inflows.
In contrast, XRP stood out, attracting $37.7 million in inflows, making it the third-best performing asset this year with $214 million YTD inflows.
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